Skadden and Wachtell have taken the lead roles in Yahoo's $7.1 billion sale of a 20 percent stake in Alibaba Group Holding Ltd., the Chinese Internet company. Alibaba will buy back the shares, which represent half of Yahoo's stake in the Chinese company. The deal is the largest e-commerce mergers and acquisition deal ever.
May 22, 2012 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Skadden, Arps, Slate, Meagher & Flom and Wachtell, Lipton, Rosen & Katz have taken the lead roles in Yahoo Inc.’s $7.1 billion sale of a 20 percent stake in Alibaba Group Holding Ltd., the Chinese Internet company.
Hangzhou-based Alibaba will buy back the shares, which represent half of Yahoo’s stake in the Chinese company. The deal is the largest e-commerce mergers and acquisition deal ever.
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